LONDON - JPMorgan Global Growth & Income PLC has issued 425,000 new ordinary shares at a price of 590.00 pence per share, the company announced today. The shares were sold for cash under the firm's block listing facility established on May 24, 2024.
Following this transaction, JPMorgan Global Growth & Income's total issued share capital has increased to 508,127,308 ordinary shares. This updated number of shares is now the reference point for shareholders to determine whether they need to disclose changes in their stake in the company, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company also noted that it has 7,889,140 ordinary shares remaining under the current block listing facility. It was highlighted that JPMorgan Global Growth & Income does not hold any ordinary shares in Treasury and that any shares held in Treasury would only be re-issued at a premium to the net asset value at the time of issue.
This issuance of equity is part of the company's financial management strategy, allowing for additional capital to support its operations and investments. The action taken by JPMorgan Global Growth & Income PLC is a common practice among public companies seeking to raise funds or adjust their capital structure.
Investors and stakeholders can use the total issued share capital figure as a denominator for their calculations related to shareholding notifications. The information provided is based on a press release statement from the London Stock Exchange (LON:LSEG).
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